What
are the threats to financial stability? Where are the information
gaps? How does one build tools to manage financial stability?

Prior
to his confirmation as Director of the Office of Financial Research,
Richard Berner served as Counselor to the Secretary of the U.S. Treasury
with responsibility for setting up the Office of Financial Research.
Before joining the Treasury in April 2011, he was Co-Head of Global
Economics at Morgan Stanley. Mr. Berner previously served as Chief
Economist at Mellon Bank and as a member of Mellon's
Senior Management Committee. He served as a Senior Economist for Morgan
Stanley, Salomon Brothers, and Morgan Guaranty Trust Company, and as
Director of the Washington, D.C., office of Wharton Econometrics. For
seven years, he worked on the research staff
of the Federal Reserve Board in Washington. Mr. Berner has also been an
adjunct professor of economics at Carnegie-Mellon University and George
Washington University.

Mr.
Berner has been a member of the Economic Advisory Panel of the Federal
Reserve Bank of New York. He received his bachelor's degree from Harvard
College and Ph.D. from the University of Pennsylvania.